Interim Report (January - June 2017)
January - June 2017
Net sales amounted to SEK 903.8 million (847.4), a revenue growth of 6.7 percent. Adjusted for acquisitions and FX, the organic revenue growth amounted to 1.1 percent.
Operating profit before depreciation and amortization (EBITDA) amounted to SEK 162.2 million (177.5), corresponding to an EBITDA margin of 17.9 percent (20.9), and 8.6 percent lower EBITDA compared to the corresponding period previous year.
Net financial income/expense includes net foreign exchange differences of SEK -8.8 million (9.9).
Profit for the period amounted to SEK 36.6 million (52.6).
Earnings per share after dilution amounted to SEK 0.13 (0.18).
Cash flow from operating activities amounted to SEK 83.0 million (103.8).
April – June 2017
Net sales amounted to SEK 475.2 million (452.3), a revenue growth of 5.1 percent. Adjusted for acquisitions and FX, the organic revenue was -1.7 percent lower than the corresponding period previous year.
Operating profit before depreciation and amortization (EBITDA) amounted to SEK 90.4 million (116.1), corresponding to an EBITDA margin of 19.0 percent (25.7) and 22.1 percent lower EBITDA compared to the corresponding period previous year.
Net financial income/expense includes net foreign exchange differences of SEK -7.8 million (17.9).
Profit for the period amounted to SEK 28.3 million (50.5).
Earnings per share after dilution amounted to SEK 0.10 (0.17).
Cash flow from operating activities amounted to SEK 31.9 million (94.8).
Notable events during the second quarter
Nashville, Tennessee signed new contract with Opus Inspection.
Opus Inspection acquired European RSLab.
Opus received notice of award from Government of Sindh, Pakistan.
Ohio signs renewed contract with Opus Inspection.
Opus acquired U.K. based Autologic Diagnostics.
Opus entities named in lawsuit.
Opus issued Taxable Corporate Notes in the U.S. amounting to USD 25 million.
Gothenburg in August 2017
Opus Group AB (publ)
For additional information, please contact:
Lothar Geilen, CEO
Tel: +46 31 748 34 00
Phone: +46 765 25 84 93
Opus is a technology driven growth company in the vehicle inspection and vehicle services markets. The company has a strong focus on customer service and innovative technology within emission and safety testing and vehicle services. The Group had approximately SEK 1.7 billion in revenues in 2016 with strong operating cash flow and good operating profitability. Opus’ plan is to double its revenues to reach USD 400 million in revenues and USD 100 million in EBITDA by 2021. The main growth is estimated to come from the expansion of the vehicle communication and services business and the international expansion of the vehicle inspection business with a primary focus on the Latin American and Asian markets. With approximately 2,000 employees, Opus is headquartered in Gothenburg, Sweden. Opus has 30 regional offices of which 20 are located in the United States and the others in Stockholm, Peru, Chile, Argentina, Australia, Germany (dormant), Mexico and Pakistan. Opus has production facilities in the U.S. in Hartford, Ann Arbor and Tucson. The Opus share is listed on Nasdaq Stockholm.